Herd Behavior and Its Effects on Default in Chinese Microcredit

Table 4

Results of logistic regression analysis.

	Comprehensive test of coefficients				Summary of model
		Chi square	df	Sig	−2 log likelihood	Cox and snell R square	Nagelkerke R square
Step 1	Step	513.297	5	0.001	1743.170	0.179	0.301
	Bloc	513.297	5	0.001	Results of Hosmer and Lemeshow test
	Model	513.297	5	0.001	10.561	7	0.202